POWER TALK

Jitender Arora
Managing Director
Head of Business & Risk Management
Fortune 500 Company
PREVIOUSLY
Head Operational Risk
Credit Suisse, India
American Express, India
Fast Pace of Digitization and Technology
Adoption
Another factor that has played big role in this increasing risk
profile from Information Security perspective is the pace of
digitization and technology adaption that has accelerated
during COVID times, which means in some instances new
technologies were being implemented and adopted by the
organizations without adequate controls being followed
Increased Cyber Threats
Finally, During times like this, there is also increasing threat of
Cyber criminals and other bad actors becoming over active to
take advantage of the chaotic situation and capitalize on
confusion and uncertainty.
According to a new study from Cloud computing company
Lomart, During 2020, there has been a big uptick in the large
scale breaches. Amongst the most common type of attacks
seeing an uptick are ransomware (up 90%) destructive attacks
(up 102%) and island hopping (up 33%).
Organizations need to tackle these risk at a war footing as
data breaches and cyber-attacks can lead to big financial loss
as well as reputation and brand damage for the organizations.
According to Lomart, a typical date breach for a large
organization results in data loss of between 10 million and 99
million records and dings company’s value by 7.27 %.
Organizations should focus on
investing in Virtual Private
Network split-tunneling to
ensure better last mile
connectivity
What can Organizations do?
Invest in Secure IT Infrastructure
.
Organizations should focus on investing in Virtual Private
Network (VPN) split-tunneling to ensure better last mile
connectivity and improved performance, timely and
frequent roll out of security patches and updates for
Virtual Private Networks (VPNs) and implementing
Multi Factor authentication (MFA) for better security.
Enhance Security and Monitoring
Mechanism
There is also an effort by the organizations to provide secure
devices to employees and discouraging the use of mobile
devices for accessing the remote network. In some cases,
companies are also requesting employees to have a
separate secured router for office. There is also
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